Nov 18 Watch News Wrap: Rangel Faces House Vote on Censure Recommendation In other news Thursday, the House ethics committee recommended that Rep. Charles Rangel, D-N.Y., be censured -- the harshest punishment the House can give short of expelling a member -- and pay any unpaid taxes for financial and fundraising misconduct. Continue watching
Nov 18 The New GM: Good Bet for Long Haul? As soon as the stock market opened Thursday, there was plenty of excitement surrounding GM's initial public offering and its return to the open market, exceeding even the rising expectations of just a few days ago. But there's a big… Continue reading
Nov 18 Watch Ratings Agencies Among Top 'Devils' of Meltdown, Authors Contend Paul Solman speaks with Bethany McLean and Joe Nocera, authors of "All the Devils Are Here: The Hidden History of the Financial Crisis" about the villains of the financial crisis. It's part of his ongoing series, Making Sen$e of Financial… Continue watching
Nov 18 Watch GM Turns Corner With IPO, but Can It Maintain Momentum? General Motors made a strong return to the stock market Thursday, marking a major turnaround after declaring bankruptcy and receiving a $50 billion bailout. Jeffrey Brown speaks with Michael Robinet of research group IHS Automotive and Micheline Maynard of Changing… Continue watching
Nov 18 GM: Worthless to Record-Breaking By Elizabeth Shell Over a year ago, General Motors told investors its stock was worthless and to stop trading it. To say the company has experienced a turnaround is a bit of an understatement. After a month of speculation and a last-minute… Continue reading
Nov 18 General Motors Launches IPO; Ireland May Receive Massive Bailout Funds GM headquarters in Detroit. Photo by Bill Pugliano/Getty Images. Embattled automaker General Motors will once again be a publicly-traded company, with a stock offering that could be worth as much as $23 billion -- about $13 billion of… Continue reading
Nov 17 Watch Budget Watchdogs Warn of Worsening Deficit, Explore Strategies to Cut Following on the heels of the bipartisan deficit commission chairmen's recommendation of drastic cuts, former Republican Sen. Pete Domenici and former White House Budget Director Alice Rivlin presented a new take on how to reduce the deficit and warned of… Continue watching
Nov 17 Watch In Maine, Service Time Swapped to Help Stretch Dollars in Recession Special correspondent David Brancaccio traveled across America to find people who are creating new jobs and opportunities in their communities to stay afloat during the recession for a PBS documentary called "Fixing the Future." In this excerpt, he reports how… Continue watching
Nov 17 Economics is Missing A Funny Bone | An Interview With 'Merle Hazard' The Fed's announcement of another round of so-called "quantitative easing" (QE2) is all over the news. Basically, it's an announced commitment to create $600 billion dollars or more of new "Federal reserves" - i.e., U.S. dollars - and pump… Continue reading
Nov 17 Watch News Wrap: Pelosi, Boehner Re-Elected to Lead Parties in House In other news Wednesday, outgoing Speaker of the House Nancy Pelosi won enough votes from her Democratic colleagues to keep the party's top spot in the next Congress when the GOP takes over control. As expected, GOP Minority Leader John… Continue watching